"Duncan described this as a 'diversification play,' as he's 'under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate.'"
"He said it would be a private transaction that doesn't require the buyer to sell their stock outright."
"On LinkedIn, he also said the homebuyer would 'continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period.'"
"Duncan, who described himself as a longtime Bay Area resident who moved to Miami during the pandemic, bought the property in 2019 for $4.75 million."
Storm Duncan is offering his 13-acre property in Mill Valley for equity in Anthropic, aiming to diversify his investments. He feels under-concentrated in AI and over-concentrated in real estate. The transaction would be private, allowing the buyer to retain 20% of the upside value of the exchanged shares during the lockup period. Duncan purchased the property in 2019 for $4.75 million, and it is currently occupied by a high-profile venture capitalist.
Read at TechCrunch
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